Autoliv Financial Report Q1, 2003

Financial ReportJanuary - March 2003 · Sales up 21% to $1,246 million · Earnings before tax up 29% to $80 million · Earnings per share up 35% to $.54 · Continued strong cash generation (Stockholm, April 24, 2003) - - Autoliv Inc. (NYSE: ALV and SSE: ALIV) - the worldwide leader in automotive safety systems - reported record sales, and strong earnings and cash flow for the three-month period which ended March 31, 2003. Despite only a 1% increase in the underlying light vehicle production, sales rose by 21% to $1,246 million, operating income by 25% to $90 million and income before income taxes by 29% to $80 million compared to the corresponding quarter 2002. Net income rose by 32% to $52 million and earnings per share by 35% to 54 cents. The operations generated $108 million in cash before investments. Net debt to capitalization stood almost unchanged at 30% despite $34 million in share buy-backs. Stronger foreign currencies, the acquisition of VRE in April last year and a 5% organic growth drove sales, earnings and cash flow. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/04/24/20030424BIT00770/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/04/24/20030424BIT00770/wkr0002.pdf The full report